Palomar Holdings Inc

Palomar Holdings, Inc. (Nasdaq: PLMR) is a specialty property and casualty insurer serving residential and commercial clients across five product categories: Earthquake, Inland Marine and Property, Casualty, Crop, and Surety & Credit. It operates through several subsidiaries:
- **Palomar Specialty Insurance Company (PSIC):** admitted carrier.
- **Palomar Excess and Surplus Insurance Company (PESIC):** excess and surplus lines carrier.
- **Palomar Specialty Reinsurance Company Bermuda Ltd. (PSRE):** reinsurance.
- **Palomar Insurance Agency, Inc.:** agency.
- **Palomar Underwriters Exchange Organization, Inc. (PUEO).**
- **First Indemnity of America Insurance Co. (FIA):** surety, acquired January 2025.
- **Palomar Crop Insurance Services, Inc. (PCIS).**
- **Palomar Casualty and Surety Company (PCSC):** formerly The Gray Casualty and Surety Company, acquired January 31, 2026.

Its consolidated results also include Laulima Exchange, a Hawaii-focused reciprocal exchange treated as a variable interest entity. Palomar relies heavily on reinsurance, ceding roughly half of gross written premiums. It is expanding beyond its California earthquake roots, with California now about 23% of quarterly GWP. Growth areas include crop insurance, surety, casualty and inland marine, and its premium base is increasingly spread across Texas, the Midwest, Hawaii and Florida. PSIC, PSRE, PESIC and FIA carry an A.M. Best financial strength rating of "A" (Excellent), and PCSC is rated "A-" (Excellent). The company pursues a 'Palomar 2X' profitable-growth strategy and generates investment income from a fixed-income-heavy portfolio of about $1.8 billion in cash and invested assets. Updated Nov 4, 2026